Philip Morris International Inc. Increases Dividend by 2% to an Annualized Rate of $4.08 per Share; Adopts Proxy Access Bylaw
TOKYO--(BUSINESS WIRE)--Sep. 15, 2015--
The Board of Directors of Philip Morris International Inc.
(NYSE/Euronext Paris:PM), today increased the company’s regular
quarterly dividend by 2% to an annualized rate of $4.08 per share.
The new quarterly dividend of $1.02 per share, up from $1.00 per share,
is payable on October 14, 2015, to stockholders of record as of
September 30, 2015. The ex-dividend date is September 28, 2015. For more
details on stock, dividends and other information, see www.pmi.com/investors.
The company also announces that the Board of Directors has amended the
company’s bylaws to enable eligible shareholders, who have owned three
or more percent of the company’s shares for at least three years, to
nominate and include in the company’s proxy statement director
candidates to occupy up to 20% of the available Board seats. The amended
bylaws will be made available promptly on the company’s website.
Louis C. Camilleri, Chairman of the Board, said: “The Board decided to
take this proactive step to grant proxy access to eligible long-term
shareholders as part of its commitment to strong corporate governance
practices. We will continue to maintain a diverse and dynamic Board of
the highest caliber that can best perpetuate the success of our business
and represent the long-term interests of our shareholders through the
exercise of sound business judgment.”
Philip Morris International Inc.
Philip Morris International Inc. (PMI) is the leading international
tobacco company, with six of the world’s top 15 international brands,
including Marlboro, the number one cigarette brand worldwide.
PMI’s products are sold in more than 180 markets. In 2014, the company
held an estimated 15.6% share of the total international cigarette
market outside of the U.S., or 28.6% excluding the People’s Republic of
China and the U.S. For more information, see www.pmi.com.
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